pledge in question.

He called his assistant, and after the lapse of a few minutes the latter descended the stairs carrying a small well-worn leather jewel-case which he placed upon the counter. The instant I saw it I held my breath, for upon it, stamped in gold, was the coronet and cipher of Lady Lolita Lloyd!

The pawnbroker opened it, and within I saw a necklet of seed pearls and amethysts which I had seen many times around my love’s throat, an old Delhi necklace which her father had bought for her when in India years ago. In her youth it had been her favourite ornament, but recently she had not worn it.

Was it possible that it had been stolen—or had she made gift of it to him?

I took up the familiar necklet and held it in the hollow of my hand. I recollected how Lolita, with girlish pride, had shown it to me when she had received it as a present on her eighteenth birthday, and how, on occasions at parties and balls at Government House afterwards, it had adorned her white neck and its rather barbaric splendour had so often been admired.

“It’s unredeemed, you know,” remarked the black-haired Jew. “You shall have it for twenty pound—dirth cheap.”

Ought I to secure it? The police would, no doubt, soon institute inquiries, and finding the coronet and cipher upon the case would at once connect my love with the mysterious affair. But I had by good fortune forestalled them, therefore I saw that at all hazards I must secure it.

I pretended to examine it in the fading light at the window, lingering so as to gain time to form some plans. I had not twenty pounds in my pocket; to give a cheque would be to betray my name, and the banks had closed long ago.

At last, after some haggling, more in order to conceal my anxiety to obtain it than anything else, I said, with affected reluctance—

“I haven’t the money with me. It’s a pretty thing, but a trifle too dear.” And I turned as though to leave.

“Well, now, ninetheen pound won’t hurt yer. You shall ’ave it for ninetheen pound.”

“Eighteen ten, if you like,” I said. “What time do you close?”

“Nine.”

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